Work with one of the top Apartment and Healthcare Lending teams, wE have spent over twenty five years each, lending on Apartments and Healthcare properites using FHA and FNMA programs - We are aligned with a leading national FHA, FNMA and Freddie Mac Apartment and Healthcare Lender

APARTMENT LOANS - APARTMENT REFINANCE

312 Florence Avenue. Evanston, IL 50202

Monday, December 30, 2013

Through the third quarter of this year, investment sales were up 27%, according to CoStar COMPs data. Industrial investments were up 56% and office up 27%; however, multifamily investments tapered off this year and were actually down about 6%.

Predictions - Apartment purchases will pick up early in the year using FNMA loans and lines of credit - FHA 223 will be used primarily for refinances of strong borrowers with good liquidity and non-profit borrowers with good balance sheets due to its long processing time

Then FED taper will bring 50 bases points higher interest rates for ten year loans resulting in sales and refinances slowing in the second half of the year

Total loan balances for all banks in the third quarter were $154.2 billion less than in 2008.

During
that time frame, loans at banks with assets of less than $1 billion
grew by $28.4 billion, or .7 percent annually, while loan balances for
banks with more than $1 billion in assets decreased by $182.8 billion,
or .4 percent.

At the same time, total assets for all banks grew by nearly $1.3 trillion, or 1.9 percent.

Much of that asset growth came from securities, or investments, that could pose a problem for banks in the future. More
and more of those purchased securities are long-term [five years or
longer], and they could be problematic as interest rates rise in the
future.

About Us:

Our knowledgeable team has worked in the mortgage banking/investment banking industry for the past 24 years specializing in healthcare lending, multifamily housing, FHA and FNMA insured loans. Throughout our careers, we have originated and/or underwritten in excess of $745,000,000 in mortgage loans with a focus on acute care hospitals, assisted living facilities, senior housing, and skilled nursing facilities. Previously our team has worked for several NY-based investment banking/mortgage banking firm specializing in conventional and government-assisted loans. Chuck has been president of a FHA mortgage company and a developer. Scott was the VP of Origination for several FHA and FNMA lenders. He has extensive experience working on affordable housing as the Midwest Loan Officer for FNMA Multifamily Affordable Housing Products. We understand that the integrity of the loan officer for the loan quote and rate pricing can make a huge difference for FHA clients.